Casper Daily Tribune Newspaper, May 10, 1925, Page 11

SUNDAY, MAY 16, 1925 Finance AUTOMOBILE TRADE OF U.S. PROSPEROUS Price Factor Swings Buyer to the Closed Models And Stimulates Sales; Long Buying Period Is New Goal. By J. 0. ROYLE. (Copyright, 1925, Casper Tribune.) DETROIT, Mich., May 9.—Busi- ness is exceedingly good in automo- biles. While some industries are not riding the very-crest of the prosper- ity wave, other Ines and certain ter- ritorial divisions are very prosper ous. The motor industry reflects a general average of the nation and sales are,showing {t. Motor interests here are trying today to decide whether this is to be just a “normal” year, with its bulge in the spring, slack period in summer and a milder budge In the fall, or whether bust- ness will be strong throughout the summer, The closed car habit has changed things immensely. Experience thus far this year shows that few buyers ara looking for open cars. The Ford company, the last stand of the open type, is nearing the point where its closed cars represent 50 per cent of production, Others such as Maxwell and Hudson are making about 90 per cent of the closed type to 10 per cent of the open. bodies, Price has been a factor in swing- ing buyers to the closed models, since manufacturere, by their factories over to volume out- put have made possible closed cars at open car prices. One Detroit mak- er goes so far as to predict that at this time next year open cars will sell ag much higher than closed types as the closed designs formerly sold above the touring car design. This, however, is regarded as an ex- treme view, A potent offset to the trend of the coach, sedan and Mmousine models is seen in the exaggerated open sport car.-There has been an un- doubted demand for the sport road sters which have gone “to great ex- tremes in equipment with wind- shields, glass wings, glass rear seat partions and other accessories aiding in achievement of the open appear- ance without subjecting occupants to ‘he antioyances of wind and rain. The soundest judgement of promi. nent men in the Industry, however, indicates that the urge which results in spring cleaning and house paint- ing will continue to control the buy- ing of new automobiles. These men feel spfing always will see the peak buying of the year. What they hope to do is to extend this buying over a turning longer period. STOCKS RISE TO NEW LEVELS DURING WEEK Public Utilities Lead Way in Steady Climb Toward Higher Ground in Shaking of Lethargy of Month. NEW YORK, May 9.—Irregular- ity after & week of soaring prices marked “the close of today's brief session of the stock exchange with the main trend still upward after revival of interest that marked the end of a narrow trading period. Util- ity Issues led the upward movement although in today's ion motors Gained the ascendancy for the time being, Mack Truck, Packard and Continental Motors being added to the lst selling at new peak prices for the year. Tire stocks likewise came into sharp demand on in- creases In quotations for crude rub. ber and predictions that another rise in tire prices would be forthcoming soon. Steel shares and some other industrials were depressed by a fall ing off in unfilled orders of the United States Steel corporation and the close was irregular with sales for the day amounting to more than 900,000 share: ; High current earnings, new com- binations and increased dividends Were responsible for the interest in utility issues and bond prices stif- fened in reflection of easy money rates. New offerings for the week amounted to more than $100,000,000. Oll shares felt the restraining in- fluence of gasoline price reductions in New York elty and vicinity but low-priced rails with merger possi- bilities Were in sharp demao: Wheat Price Increases Of Week Wiped Out In Saturday’s Trading CHICAGO, May 9.—WWheat price advances marked up dyring the week on the strength of expert buying were largely wiped out in today's session of the grain exchange with the publication of the government crop report showing a probable win- ter wheat yield of 445,000,000 bush» els. The government figure wenger ed by nearly 60,000,000 bus! timates made during the week by Trivate sources and a sharp decline in prices resulted, the net loss for the day of 5 to 7 cents a bushel being only a little less than the gain made for the six-day period. The closing was heavy with May wheat at $1.62 and July at $1.50%, while May corn sold at $1.11% and July corn at $1.14%. Curtailment of the United States visible supply had been a bullish factor of previous days, this coupled with heavy demand for export en- couraging lively buying. Provisions were up sympathy with gains made {fh hog prices, Today's range of grain afd pro- vision prices follows. Wheat—Open High Low Close May 2. 165 1.86 1.62 1.62 Tuly -2. 1.52 153% 1.50% 1.50% 1.44% 146% 142% 1.42% L1i% 111% 114 1.14% 1.12% 1.12% 43% 44% 448 44% «48% 44 AD 48% ad 125 1.26% 1.24. 1.04 115 1.16% 1.18% 113% 1.08% 1,09 1.06% 1.06% 15.47 = 15,00 15.90 15.60. 15.60 16.20 16.25 15,87 15.92 17,10 17.98 17.26 1 0 17.20 17.30 Bellies— May .... 19.45 July ..... 19.65 19.65 19.45 19.45 Atlantic Petroleum Is Making Hole Again Fast Atlantic Petroleum Corporation's Country Club No. 1 at Fort Collins | Catifornia, which started ds now making hole rapidly under two towers, night and day shift, The big bit is pounding toward Day below 2500 feet, and Atlantlo’s well is running true to form checked against producing wells {n the field, Markers being encounter. ead in Atlantic's log indicate that Country Club No, 1 is higher of structure than the Whitaker, or Ver Straten gushers of the Union Oil company of California. HAY GRAIN STORAGE Dairy and Chicken Feeds Alfalfa, Cotton Cake, Salt Casper Warehouse Co. 268 Industrial Ave. § Phone 27_ P.O. Box 547 The Scott well of the Union of with a rotary rig, and changed to Standard, is rapidly nearing completion in tho north end of the Wellington-Fort as | Collins field, and is proving acreage, Immediately’ adjoining Atlantic's Splendid 80-acre lease in the north east quarter of Section 12. It is reported that the Scott is be low 4800 feet and that the tools aro working in black shale with rainbow showings of oll. This well is momentarily expected in as an enormous gushed. Atlantic Petro- leum owns 80-acres jam up against this Unton property, being proven by the Scott, and in addition Atlan. tlc owns an 80-acre lea: on the Country Club property, where Coun- try Club No, 1 {a now drilling to pay. Clem Hinds, Chief Driller for At- lantic is now at Casper, Wyoming, negotiating for some additional wel: equipment in anticipation of Atlan- tle's spectacular dash to 8000 fe When the well reac this dept the Atlantic Corporation directors announce that the stock will be ad- vanced to 4 cents per share. Che Casper Sunday Cribune Bonds New York Stocks Last fale By Blas Viecurevich Allis Chemical D American Can American Car an American Locomotive -.. American Sm. and Ref. --... American Sugar --.. — 63 American Tel and Tel. ~------ 188% American Tobacso . wen 93 American Water Works -. American Woolen -.---~. Anaconda Copper Atchison Ath, Coast Line ... Baldwin ‘ooomotive -. Baltimore and Ohio -. Bethiehen Steel California Pet we: Canadian Pacific ..... Central Leather pfd. -. Cerro de Pasco ~..-.--. Chandler Motor Chesapeake and Ohio «....-. w% Chicago and Northwestern bBK Chicago, Mil. .& St. Paul pfd.- 8% Chicago, R. I. and Pacific ~. 41% e Copper . 2% Cola ... 10% do Fuel 28% c 26% Consolidated Gas «-. 83% Corn. Products « 35% Crucible Steel ~... 68% Cuba Cane Sugar pfd. 50m Davison Chemteal - 34% Du Pont de Nem. Erie Famous Players General Asphalt ~ General Electric General Moters 75 Great Northern pfd. .. 62M Gulf States Steel 76% Houston Oil .. 63 Hudson Motors bay Iilinols Central 112% Int. Harvester - Int, Mer. Marine pfd. Kelly Springfield Kennecott Copper Lehigh Valley -. Louisville and Nashville Mack Truck Marland Oil Mex. Motors A . Mex. Seaboard O} Mo., Kan. and Tex. Mid-Continent Pet. Missouri Pacifte pfd. Montgomery Ward .-.. Nat. Biscuit National Lead .«. New York N. Y., N. HL, and Hartford «. Norfolk and Western .. North American -... Northern Pacific Pacific Oil ... Pan Am. Pet, B Pennsylvania .. Phila and Rdg. C. and I, ss. Phillips Pet. ~ Pure Ol! Reading -. Rep. Iron and Stee! Reynolds Tobbacco B St. Louis and Ban Fr: Seaboard Air Line Sears Roebuck -.. Sinclair Con. ... Sloss Sheff Steel -. Southern Pacific Southern Ry. ~ Standard Oil, Cal. Standard Oil, N. J. Stewart Warnet -. Studebaker Corporation Texas Co. ‘Texas and Pacific «. Tobacco Products --.. Transcont Ott Union Pacific U. 8. Steel -. Utah Copper ~-...-... Wabash pfd. A Westinghouse Electric -..... Willys Overland ~ Woolworth - a WYOMING OILS (Quotations by Blas Vucurevich, ker) 208 Consolidated Ren Bldg. Ask Western Exploration « rt 2.60 Consolidated Royalty . 101 1.03 Central Pipeline AB 50 BE. T. Williams - WH 13 Bessemer .. - oll 12 Western States - ADM 13% Kinney Coastal ~ 07% 08% Columbine er. eee: Jupiter .. -~ 08% 09 Elkhorn 04 06 Domino . - 04 0s Royalty Producers -.. .04 .05 Sunset 01% Picardy o 02 Riverton Petroleum .. 2.36 2.50 MacKinnle ~ - 12 at Preston Oll -----.0---- 00% .00% Curb Btocks, Mountain Producers . Salt Creek Producers Continenial New York ON Balt Creek Consolidated 8, O. Ind. ... 64% |CRUDE MARKET, Big Muddy 3.00 Sunburst ie Hamilton Dome ~~ -seenswee 1.08 PCr 2 eee 1.08 Byron .. . 1.80 NOtChe® « -anncomnemcewapqncces +68 Pilot BUtlO ~-ewvencevecwons 1.55 Lander . 10 Cat Creek 2. es Lance Creek .. 2.15 Osage ~..~-«.. 2.15 Graaw Creek, light 2.15 Greydull « -.----reee---evemeee 3. Torohlight . 2. Hik Basin . sat Rock Creek 3 Salt Creek 22-2 For painting and decorating of quailty and service. See Calvin Platt, Phone 1495. Try Tribune Want Ads for Results. Stocks Grain WS AND QUOTATIONS BY LEASED WIR POOR MANAGEMENT IS BUSINESS HINDRANCE So Says Roger Babson, Noted Statistician, In Discussing Human Elements as Assets and Liabilities. BABSON PARK, Mass., May 9.— Many business men are wondering why with fundamental conditions so much better, there is no greater {m- provement in general business. With money so cheap and labor qufescent, why is it men ate asking that sales are so difficult and profits so small? Babson today suggests me is apt to think that there are only two important factors in industry—namely, capital and labor," ys the stalsiclan. “Of course this is a great mistake, and the error never was more obyious than at the Present time. We now have very cheap money so that capital can readily be obtained for even ques- tlonable promotions; while the coun- try has fot been so free from labor strikes for years. What then is the difficulty? There are various difti- culties but perhaps our real trouble is that we havo forgotten that there are three important factors and that the third is management. Has there been enough improvement and growth in management? Are not many corporations still carrying the burden of a superannuated person- nel? Cutting overhead means to many officials the cutting of every- thing excepting their own salaries when really the corporation might be better off if they quit altogether and gave their position to younger and more resourceful men. There is Uttle question that all of us should Wake up and pefform otir work more efficiently. “The greatest values are created neither by capital nor by labor, but by good management, and this good management is made up of chafac- ter, jiidgmert, vision and courage. ‘The leadership of every corporation is determined by this factor. Good management {fs not a question of age, of family or of wealth. Some- times age helps and sometimes youth helps; while other factors are sometimes a handicap or an advan- tage, One thing, however, {s cer- tain that however large the cdérpor+ ation and however many officials it may have some man is usually responsible for the management. Moreover corporations without a ‘boss’ are well night hopeless. Cer- tain railroads and industrials which are not doing well today are either lacking a boss or need a new one. “After a successful battle Napo- leon always gave the credit to his ‘brave generals.’ He stated that they really, had done all the work and were entitled to the praise. Whatever Napoleon really thought, we shall never know, History, how- teaches that after Napoleon taken to St. Helena all the ‘brave generals’ went to farming! If they were all so important it seems aa if one of them would have made good without Napoleon to lean on. All of which makes me bélieve that the trouble with some corpora- tions today is that the ‘old man’ ig either dead or else is not tending to his job. The ‘brave generals’ are doing the best they can but they are helpless without their leaders however large their salaries may be. “t wish there was some way by which management could be satis- factorily listed in every balance sheet. Of course, the balance sheet reflects management but doés not actually lst it as a Hability or>an ngset, Yet in most corporations the management is the greatest as- set or Mability which the corpora- tion has, Management not only is of greater importance than elther capital or labor, but management attracts the capital and directa the Jabor, Nearly all great fortunes have been made either because of the possession of grent leadership qualities or because of the ability to select these qualities in the men hired to build an organization Wealth, education and other things whieh we think so important are merely trimmings. The real ques- tion deciding success or fallure in the industrial world is a man's lead- ership or management quallt! Those who have such may safely go Into business for themselves or undertake @ managerial position with a great corporation, but those who have not stich qualities should always work as employe nd never attempt to dictate polloy. “Many who were very pessimistic on railroad securifles a few years ago are optimistic today, Such-men fre’ now buying rafiroad stocks at prices above what they sdld them for in prévious years. In some cases the situation has so fundamentally improved that stich a change in at- titude is justified but this is not a aafe assumption in many cases. Many of the raflroads are ‘still In need of a rea] boss and many others need a change in management. Just because the railroads are now free from labor troubles and are enjoy- ing good rates ahd easy money is no reason why they are permanent- ly out of the woods. Frankly I do not believe they are. The old troubles will return in many cases where the former unsatisfactory manugoment conditions still exist. PAGE ELEVEN Livestock :: All Markets Wool, BOSTON—Officials of can Woolen company assert the con- cern was not caught with high pric ed wool and say ita raw end of last year cost abc produce is bringing tod BOISH, Idaho—There limited amount of tradir through the Idaho sheer which fine woo's brougt a pound-in the gr Clothing. KANSAS CITY—One est manufacture tv in the country reports the largest business in during April, The demand was large ly due to the demand fo: Tobace ATLANTA == ¢ crop is threatened by least twice Pinted as inst year of moisture has reta veh toba that it will be imposenbie to oy auction sales The estimates place the tween 60 million pounds of bright leaf July Business Briefs GULFPORT, for Gulf coast rent esta to Increase rapidly, turnover and rising property, which brought a front foot a few mon is selling at three times OA CHICA record for with permits Issued fo. worth of coftstruction. T: with $23,000,000 worth a April 4 year ago. during the first four m nation $16,457,359. BOSTON—The Massa: islature has «voteds "to buses $5 a seat per ye sengor cur trailers on eapacity and weight. “All of this means,’’* concluded Mr. Babson, “that thare may be a good reason why business as ind!- cated by the Babsonchart has been jumping around so of late. In the fall of 1924, cent below normal. 1925 {t was up to 7 normal. this {s that, In ing improvement for this condition let us help to business, inst: cipline, and by promoting according lity rather than by friend- ——_—>—_— Knit Goods. READING, Pa-—-Full fashioned hostery ia in good demand at the knitting mills in this district and there aré more orders booked abead than for séveral years. Prices are firm and are expected to remain un- changed for some time. Try Tribune Want Ads for Results business was 14 per February per cént above The probable reason for although fundamental business conditions have !mproved, there has pot yet been a correspond: in “managethent. fo far as all of us are responsible to rémedy it by tending more closely ig on stricter dir- Leave Casper, Town 8 a. m. and 1 p. m. and 5 p. m Leave Salt Creek 8 a. m., 1 Pp. m. an Express Bus Leaves Salt Creek Transportation Co. BAGGAGE AND EXPRESS TELEPHONE Commodity Trade News April was set by ar new construction permits total Salt Creek Busses CROWDS VIEW Coal, CLEVELAND — Coal shipments have incraesed materially yecently. Last week €02.433 tons of cargo coal were moved, the best week's ship: the Ameri: } Woo! at the ut what the | ments since 1923. Frult. has been a| PORTLAND, Ore, — The Oregon ng this week p districts {hn apple crop has been cut in volume to about 60 per cent of normal by bad nt 33c to SGc| weather in the Hood river. White} nen. And women: sreash Samon and Mosle districts interest in the new) Or panes Minute washer s deménstr FORT WORTH—Alded by 004 | this th at the Campbell ci ins, watermelon growers have } w company’s store on cc rted planting. Indications point to|strect. ‘The ladies are partic his lurgest acreage ever known in| interested in the new water act {ta history: as. Parker county alone expects sbip 1,600 carloads, Aute DETROIT—The pre velifeles in April totaled of this washer speed and are interest they see n ts simptic compactness. in how r play suits it , similar to ulso a sold d In one plece'u rea on an automobile copper ction of mo 420 tohacco ught, A tub made irc fifty ths that ft S| 5 at South Chicago. THE HOGL 45 + Jackson Su 3 and 4-room Apartments tA SAN FRANCISCO—-Local sugar “The Fingst th Casper" wal building sul tt 4 . . ph refiners have cul the price of cane REDUCED RENT granulated to $5.90 per hundred r $44 his compares uthorized for Cook county onths of the pounds NOTICE TO ALL MEMBERS OF - EAGLE LODGE NO. 306 churetts log- tax motor ear and pas- the basis of Hall at 2 P. M., Sunday, May 10th, and march in : body to the Methodist Church, where Mother's Dny exercises will be held. Signed: EAGLE LODGE COMMITTEE CASPER TO RAWLINS STAGE CARS LEAVE DAILY AT 9:30 A M FARB—$12.5 } Savew you approgzimately 1% hours travel between Casper | and Rawlins WYOMING MOTORWAY Salt Creek Transportation Company's Office TOWNSEND AOTEL PHOND \44 send Hotel d 5 p. 9: 30 Dally 144 fj Bay ea au ih ix TE ae to Work and Save For! NEW WASHING Ty, bear Ara and trucks, an increse 16|the largest die ever turned fc (2 a». per cent over March. Tivis four of this Kind, and ¢ “4 and alre per cent over the highest p ever new degree r led plants #0 | reached, which was touched in May, erfection which them v the | i993 cturers claim has neve befe y 15, as plar —_ Ne achieved in washer con 1 @ crop at.be Rallroad Equipment. tion. and 70 million MARSHALL, Texns—The Texa| tn connection with this demo: ™ and Pacific railroad shops here aregtration a hi me electric floor t ————— | turning out locomotives at the rate}iamp will given Do € of one dally, The shops alse repult} knob hangers now | by and rebuild between 12 and 15 en-/are numbered and the gines monthly. be detached, filled out and dey Ld — with the npbell Hardwar a | Steel. ' pany ery boy and girl brin: | —— | CHAGO — Inquiries for steel |ing in a coupon a “One-Minute” c Mise— The demand | Dave Increased greatly during the [wilt be presented fr last few days in (he Ch riot "a te continues |) with a large| The lending producer continues to — prices. Coast | OPerate at about 95 per ¢ f on pacity, with 12 furnaces at Gary and} Ready Now! APARTMENTS All members are requested to meet at Odd Fellows’ L EXPENSE Twins are always very. closely related. But no more than YOUR vice and OUR EXPENSE of producing it. Receipt by you of ADE- QUATE SERVICE re- quires receipt by us of an ADEQUATE INCOME. for utility ser- V/A THE SAV Ea sve Most of us have the incentive; let us also have the will Saving isaduty. We owe it to ourselves and to those who be- lieve in us. This bank has helped many thrifty people succeed. wise— A good brand of service could not be given other- —and, we are confident, you would not expect it, NATRONA POWER CO. WYOMING NATIONAL BANK CORNER SECOND AND WOLCOTT Departments Trust Safe Deposit Vaults Commercial